Clipper says it is in talks over further investment

Share

CLIPPER WINDPOWER said yesterday it was in talks with potential investors that could lead to a &ldquo;significant investment&rdquo; in the company, which is the only listed wind group in the UK.<br /><br />The talks, with a number of &ldquo;industrial multinationals and financial investors&rdquo;, could result in a new partner taking anything from a substantial minority position, investing at or around the current market price, to a full takeover, said the Aim-listed company.<br /><br />&ldquo;These competitive discussions are at an advanced stage and it is anticipated that an investment could be announced and completed before the company&rsquo;s financial year end,&rdquo; it said.<br /><br />Clipper chief executive Doug Pertz said the potential partners offer synergies and the &ldquo;appropriate support to enhance Clipper&rsquo;s position&rdquo; as it looks to take advantage of expected growth in the US and offshore wind markets.